From an original price of $5,000, a Detroit
homeowner has dropped the selling price of his
three bedroom, two-story brick colonial on
Detroit’s east side to that of a new iPhone 6, and
is willing to trade as a condition of the sale. The
owner who proposed the trade is residing in
Austria, and has never lived in the house.
Real estate agent Larry Else said the home
owner’s decision came as the tax auction season
nears, where thousands of houses to be
foreclosed will “flood the market.”
Else said the owner, who refused to be named,
had been ripped-off when he bought the house.
The house was bought by the owner for $41,000,
with the promise that he will quickly make a
return on investment by renting out the property.
Unbeknownst to the owner, the person he
bought it from purchased the house a week
previously for $10,000. The house is currently in
foreclosure due to back taxes which exceed
$6000.
The listing for sale says that the house is a three
bedroom “investor special” and has a basement,
one-and-a-half baths, and a two-car garage. The
house is 2,400 sq. ft., and located at 11954
Laing in the neighborhood beside Morang
Avenue and Kelly road. However, it has a missing
door and broken windows.
Else said the house “doesn’t amount to much”,
although he had not personally been inside the
house because of a company policy preventing
brokers to enter unsecured houses alone.
According to Else, the neighborhood was “a little
dicey.”
The owner said he will accept an iPhone 6 in
exchange for the house, but will also be willing
to take a 32GB iPad.




source: dailydigestnews.com/2014/10/detroit-man-offers-to-trade-his-house-for-an-iphone-6/

bad investment

House sold for $1000 already by a man down the street and he still got his Iphone6 from a man in Germany who was touched by his desperation.